Wednesday, May 18, 2011

Rental Property Means Smart Move For Many Investors

Owning rental property in Phoenix is becoming a hot topic! Phoenix area rental property is picking up steam, with rents increasing and along with it comes savvy investors looking for “mail-box money.”

Talk to many financial advisors and they’ll tell you, owning rental property can have a number of advantages.When most people run the numbers, the math points to a higher rate of return than if they put their money in the traditional investment market – plus, they’re assured the much desired “mail box money,” a proven formula for on-going income easing the burden of life as we age.

I entered the rental market myself a year or two ago.Home prices are at an all time low and so are interest rates for a loan.I ran the numbers a variety of different ways and each time I did, the answer was the same – It didn’t make sense not to acquire rental property.I placed a home warranty protection plan on them to give me – and the tenants - peace of mind. It was a great decision and I haven’t looked back since!

So if you see me heading to the mail box, now you know what’s behind that ear-to-ear grin I wear! If you're thinking about rental property, let's chat.

About Me

Tom turn his passion for homes into his profession with unprecedented service. Serving the Phoenix, Scottsdale, Cave Creek, Carefree, Paradise Valley and East Valley communities. Tom Weiskopf PLLC is an Arizona real estate licensee working out of the North Scottsdale office of Coldwell Banker Residential Brokerage. Visit me on the web by Clicking Here for more information. Contact me by calling (480) 951-1010 or via e-mail at phxareahomes@gmail.com.